Safe Space: Helping Families Develop a Code of Conduct for Family Meetings
March 26, 2019 @ 12:00 pm - 1:00 pm EDT
Guest Speaker: James Grubman, PhD, Principal, Family Wealth Consulting, PPI Fellow
Host: John A. Warnick, Esq., Founder, Purposeful Planning Institute
Description: Many families develop a set of ground rules for family meetings which help keep the process safe and respectful. Once families begin to work on governance, however, they need often need a broader set of enforceable rules for insuring meetings don’t go off the rails by a disruptive family member or branch. Jim Grubman will lead a discussion about helping families understand, create, and enforce behavioral standards in family governance. Issues will include when to broach the subject, dealing with conflict avoidance, enforcement issues, variations in the three cultural prototypes (Individualist, Honor and Harmony cultures), and how to integrate the code of conduct with other governance policies and procedures. Sample code provisions will be distributed for review.
Introduction to Our Guest Speaker
Dr. Jim Grubman has provided services to individuals, couples, and families for over 30 years. His work with clients at many levels of affluence – from the “millionaire next door” to The Forbes 400 – has earned him a reputation as a valued family advisor. He draws on his experience as a psychologist, neuropsychologist and family business consultant, with specialty interests in trusts and estate law and family governance. He also brings his knowledge of the client’s perspective to his work with family offices, wealth management firms, attorneys, and other advisors.
Jim is the author of the widely-renowned Strangers in Paradise: How Families Adapt to Wealth Across Generations, an explanation of how individuals and families can adjust to wealth effectively over time. He is also co-author with Dennis Jaffe, PhD of Cross Cultures: How Global Families Negotiate Change Across Generations, extending the themes in Strangers in Paradise to ethnic cultures around the world. His work has been discussed in Malcolm Gladwell’s book, David and Goliath, and in The Wall Street Journal, The New York Times, CNBC, The Boston Globe, and other media. He has published widely in the Journal of Wealth Management, Journal of Financial Planning, Private Wealth Magazine, and other journals.
A dynamic, sought-after speaker, Jim has presented at national and international conferences for his thought-leadership in wealth, psychology, estate planning, and wealth management. He has presented at the Heckerling Institute, TIGER21, the Institute for Private Investors, and the Family Firm Institute, among many others.
Jim is academic director for the Cultivating Your Family Legacy program at the Molson Executive Centre at Concordia University in Montreal, QB. He has also provided online advisor education resources and webinars for such organizations as Fidelity Family Office Services and the Family Office Exchange. As a faculty member of the McCallum Graduate School at Bentley University (2004 – 2008), Jim developed the first graduate-level-only course in the United States about psychological aspects of financial advising. He serves on the editorial advisory board for the Journal of Financial Therapy.
Jim is a Fellow of the Purposeful Planning Institute and the Family Firm Institute. He is a full member of the Boston Estate Planning Council and one of only two psychologists in the 20,000-member international Society of Trust and Estate Practitioners (STEP).
Jim has a master’s degree from the University of Michigan and a Ph.D. in psychology from the University of Vermont. His practice, FamilyWealth Consulting, is based in Massachusetts, USA.